India's RCom asks lenders to release $36.6 mln directly to Ericsson

  • Reuters
  • Stock Market News
India's RCom asks lenders to release $36.6 mln directly to Ericsson
Credit: © Reuters.

Feb 21 (Reuters) - India's Reliance Communications (RCom) RLCM.NS said on Thursday it has urged its lenders to allow release of 2.60 billion rupees ($36.55 million) directly to telecom equipment maker Ericsson (BS: ERICAs ) ERICb.ST .

RCom said https://www.bseindia.com/xml-data/corpfiling/AttachLive/9b311418-3b21-412e-ae76-835a7fb1dc0f.pdf it had received the sum as income tax refunds and is lying in its bank account.

India's Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications, guilty of contempt of court for wilfully failing to pay 5.5 billion rupees to Ericsson. ($1 = 71.1410 Indian rupees)

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